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Written by Kerry Lynch
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Friday, 20 March 2009 00:00 |
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The chart below displays the ever-rising amount of debt per dollar of Gross Domestic Product and the components that drive it. The debt-to-dollar ratio currently tops $3.50, more than double the ratio of 50 years ago.
This is one of the many charts included in the 2009 edition of the AIER Chart Book. A picture is worth a thousand words, and the easy-to-understand AIER Chart Book speaks volumes. To purchase this book please visit our online bookstore.
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Unlike other "quasi-debt" and discretionary spending (like the "bailout" plan), retiree expenses can be planned for and budgeted for with some ease so their impact on inflation should be quite low. Items such as veteran's care depends on how often we ask our military to be exposed to difficult situations like war. Hope this helps.